A more interesting “bear case” for AI is that, if you look at the list of industries that leading AIs like GPT-4 are capable of disrupting—and therefore making money off of—the list is lackluster from a return-on-investment perspective, because the industries themselves are not very lucrative. What are AIs of the GPT-4 generation best at? It’s things like:
writing essays or short fictions
digital art
chatting
programming assistance
AI will utterly upend the entertainment industry. Once AI can generate movie-length animated output, Hollywood will go the way of the vaudeville. Directors, film crew, actors and all the supply chain and ancillary industries revolving around movie-making will be obsolete.
They can’t what do you think the writers strike was all about??
The thing is, the protections writers won only protected them when working WITH AI. I.e. companies can’t hire unionized writers and pay them less because they are using AI. If they can skip the writers all together all those protections go out the window.
I’m not saying this will happen soon or at all. I’m just saying that if the models become capable or generating screen ready material the protections writers won won’t matter anymore.
II thin it’s actually possible. Normally the argument against is that “AI can’t be creative” but when was the last time Hollywood made a creative movie? “Write a script for Spiderman movie. Include origin story. Spiderman will fight Green Goblin. Again.”.